Genting sinks into the red as VIP players vanish

It posted a net loss of $7.8m in Q4.

Resort and casino operator Genting Singapore dipped into the red in the fourth quarter, posting a loss of $7.8m compared to a profit of $89.2m in the same period last year.

The group, which operates Resorts World Sentosa, continued to be impacted by the steep decline in arrivals of high-rolling Chinese gamblers.

“2015 has been a challenging year for the Asian gaming industry. Gaming revenue was impacted by a lower VIP gaming market as we continue to tighten our credit policies,” Genting said in its earnings statement.

The group’s full-year net profit dropped 85% to $75.2 million.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia